Duplex with Separate Guest
New
For Sale
$260,000
8709 Knox St, Houston, TX 77088
Duplex built in 1940 featuring a primary residence plus a separate M/L unit on a fully fenced lot.
Days on Market3
Property Features for 8709 Knox St
General Information
Standard status
Active
Property subtype
Investment
Lease Term
12 months
Additional Details
Highway Access
Yes
Building Details
Building Size
942 SF
Year Built
1940
Listing Agency:
(770) 634-5731
Listed By:
Michael Watts · License #0726209
(770) 634-5731
Source:
Elliman
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 8:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Watts
Investment Insights
Based on property information with market context.
This duplex offers a primary residence plus a separate guest suite identified as an M/L unit, creating flexibility for multi-generational living or rental use. The property sits on a fully fenced lot with an extended driveway, supporting convenient arrival and everyday privacy. Built in 1940, the home is positioned for buyers seeking a dual-unit configuration that is straightforward to understand and show.
The surrounding area is described as a well-maintained, family-oriented community near local parks and shopping. For commuting, the public remarks cite access to Beltway 8, I-45, and HWY 249. Walk and bike access are described by scores of 45 (walk), 42 (bike), and 48 (transit), indicating a car-dependent environment with some transit options.
The surrounding area is described as a well-maintained, family-oriented community near local parks and shopping. For commuting, the public remarks cite access to Beltway 8, I-45, and HWY 249. Walk and bike access are described by scores of 45 (walk), 42 (bike), and 48 (transit), indicating a car-dependent environment with some transit options.
Key Highlights
- Primary residence plus separate guest suite as an M/L unit
- Fully fenced lot with extended driveway
- Year built: 1940
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $19.80 |
| − Vacancy | −$1.0k | −$1.09 |
| EGI | $17.6k | $18.71 |
| − OpEx | −$5.3k | −$5.61 |
| NOI | $12.3k | $13.10 |
942 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.3K
$154.2K – $205.6K
NOI $12,338 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$152.5K
$133.4K – $177.9K
NOI $10,672 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$242.2K
$212.0K – $282.6K
NOI $16,956 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 1940 featuring a primary residence plus a separate M/L unit on a fully fenced lot.
Where is this duplex located?
The property is located at 8709 Knox St Houston, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Primary residence plus separate guest suite as an M/L unit; Fully fenced lot with extended driveway; Year built: 1940
